Natural Personal Care Ingredients Market worth $7.9 billion by 2028 | Key players Ashland Inc. (US), The Lubrizol Corporation (US), Evonik Industries AG (Germany), Dow Inc. (US), Symrise AG (Germany).

According to recent market research the "Natural Personal Care Ingredients Market by Type (Emollients, Surfactants, Rheology Modifiers, Preservatives, Active Ingredients), Application (Skin Care, Hair Care, Make-up, Oral Care), and Region - Global Forecast to 2028", size was USD 5.3 billion in 2022 and is projected to reach USD 7.9 billion by 2028, at a CAGR of 8.3%, between 2023 and 2028. The market is projected to grow because of the evolving lifestyle across globe. These natural Ingredients play a crucial role in various skin care, hair care, oral care, make-up, and other applications such as foundations, serums, shampoos, bath soaps, shower gels, creams, face masks, sun care products, lip balms, lipsticks, color cosmetics and others. In addition, due to the increasing population, increasing demand for natural ingredients, technological advancements and changing consumer preferences the demand for natural personal care ingredients can increase due to various applications.

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Surfactants are expected to grow rapidly in the natural personal care ingredients market due to increased demand for sustainable products in cosmetics and personal care, as well as their use in pharmaceuticals. They function as surface-active agents, meaning they help reduce surface tension between different substances, allowing them to mix more effectively. Therefore, surfactants are crucial in skincare, haircare, and cosmetics like creams and lotions. Also, the rising awareness of natural ingredients in personal care boosts the demand for natural surfactants. Thus, surfactants are widely used in applications such as skin care, hair care, make-up, oral care, and others, which will increase demand for them in the future.

As individuals tackle with a different hair-related issues, ranging from hair loss and thinning to dryness and damage, the demand for effective solutions continues to rise. Combined by the diverse array of hair types, each with its unique needs, such as curly, straight, fine, or coarse, the market for tailored hair care products grows rapidly. Moreover, escalating levels of pollution, characterized by airborne toxins and particulate matter, further exacerbate hair woes, triggering issues like scalp irritation, dullness, and accelerated hair aging. Consequently, the hair care application within the natural personal care ingredients market stands composed for sustained growth, driven by the imperative for complete solutions that address these multifaceted challenges while prioritizing natural and sustainable ingredients.

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The adoption of natural personal care ingredients in this region has increased due to changing environment, concerns about increasing health hazards linked to synthetic ingredients, and shift in lifestyle preferences towards eco-conscious and sustainable products. Moreover, The European region is estimated to be the second-fastest growing regions in the world, with rising disposable incomes. This is creating a favorable environment for the growth of the natural personal care ingredients market. Accordingly, Europe will be the largest market for natural personal care ingredients market during the forecast period.

The key players profiled in the report include BASF SE (Germany), Croda International Plc (UK), Ashland Inc. (US), The Lubrizol Corporation (US), Evonik Industries AG (Germany), Dow Inc. (US), Symrise AG (Germany), and others.

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BASF SE is one of the world's largest chemical companies. BASF is one of the major manufacturers of natural personal care ingredients, constantly focusing on innovative technologies and natural ingredients for the personal care industry. The company offers its natural personal care ingredients for a wide range of applications such as skin care, hair care, oral care, make-up, and others. It operates through seven business segments, namely, surface technologies, materials, chemicals, agricultural solutions, industrial solutions, nutrition & care, and other segments. It operates at 239 production sites and has a presence in 91 countries and has a significant global footprint. In May 2023, BASF partnered with BEAUTYSTREAMS to further expand its D'lite digital service for the personal care industry. This collaboration involved trends from BEAUTYSTREAMS which will provide valuable insights into current developments to BASF SE across the personal care market.

Croda International Plc is a global specialty chemicals company and has strong presence in European and North American region. It offers a diverse range of natural personal care ingredients for various applications including skin care, oral care, hair care, make-up, and others. The company operates its business under three main segments, namely, consumer care, life sciences, and industrial specialties. The company offers its products in the fields of personal care, healthcare, agriculture, lubricants, coatings & polymers, polymer additives, homecare, geo-technologies, and industrial chemicals. It operates with 18 manufacturing sites, and its offices are present in more than 30 countries: Europe, North America, Asia Pacific, the Middle East & Africa, and the South American region. In July 2023, Croda International Plc has successfully completed the acquisition of Solus Biotech, a global leader in biotechnology-derived active ingredients for beauty care and pharmaceuticals.

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